Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

The above sites use transaction charges when you add money to their wallat. So do check transaction charges before getting onboard.

Crypto currencies are not regulated

The Bitcoin and other crypto currencies are not regulated by governments in most of the countries. Recently, Reserve Bank of India also issued a statement stating that it is uncomfortable with "non-fiat" crypto currencies like Bitcoin.

"Any user, holder, investor or trader dealing with virtual currencies is doing it at their own risk," the RBI had cautioned on its website in February this year. The RBI has been repeatedly flagging concerns on virtual currencies like Bitcoins, stating that they pose potential financial, legal, customer protection and security-related risks.

Earn Rs 51 and Help a Needy and more on further referral (INDIA ONLY)
I’m inviting you to join Tez, a simple and secure payments app by Google. Here’s my code UG0W9 - just enter it before your first transaction. Once you’ve sent your first payment, we’ll each get ₹51! https://g.co/tez/UG0W9